Latin America Gene Expression Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Healthcare

The global Latin America Gene Expression market size is expected to be worth around US$ 578.5 million by 2028, according to a new report by Vision Research Reports.

The global Latin America Gene Expression market size was valued at US$ 374.11 million in 2020 and is anticipated to grow at a CAGR of 5.8% during forecast period 2021 to 2028.

Growth Factors

High investment in alternative approaches for drug discovery and an increased number of projects involving genetic studies are expected to drive demand.

The region is characterized by fragmented healthcare and a high rate of poverty as well as disparities to access to standard care for cancer and other complex disorders. In this region, consumers from public settings are unable to afford targeted therapies. The number of facilities providing genomic platforms is limited in the region. These factors have resulted in the low revenue share of the Latin America market in the global market for gene expression.

However, researchers and healthcare providers are pursuing training for the use of genomic platforms and constantly participating in genomic projects. Currently, a medical practice based on precision medicine is still a challenge and limited to private settings in Latin America. A rise in the number of research studies pertaining to gene expression, genomic medicine, and personalized medicine in the LATAM region is expected to drive the market.

Report Highlights

The region is characterized by fragmented healthcare and a high rate of poverty as well as disparities to access to standard care for cancer and other complex disorders. In this region, consumers from public settings are unable to afford targeted therapies. The number of facilities providing genomic platforms is limited in the region. These factors have resulted in the low revenue share of the Latin America market in the global market for gene expression.

However, researchers and healthcare providers are pursuing training for the use of genomic platforms and constantly participating in genomic projects. Currently, a medical practice based on precision medicine is still a challenge and limited to private settings in Latin America. A rise in the number of research studies pertaining to gene expression, genomic medicine, and personalized medicine in the LATAM region is expected to drive the market.

cDNA synthesis and conversion segment dominated the market and accounted for the largest revenue share of 27.7% in 2020. The segment generated the largest revenue of USD 103.4 million in 2020. Rapid advances in sequencing technologies along with its rising demand for precision medicine has accelerated the development of cDNA synthesis for creating genomic libraries. A broad range of kits are available for cDNA synthesis to suit the need depending on the sample size, the number of reactions, and optimal reaction temperature

PCR analysis also makes a significant contribution to the industry. PCR analysis allows the development of assays for most clinical matrices, for almost any target gene. Assays for various endogenous control genes can be developed using specific probe sets and primers. Thus, a projected rise in the adoption of clinical programs is expected to boost segment growth.

The kits and reagents segment dominated the market with a revenue share of 75.11% in 2020. Kits and reagents form an essential part of any genomic study. The industry offers a broad range of products to meet the specific needs right from sample collection to data interpretation. The ongoing release of novel kits has made gene expression more appealing to researchers as well as clinicians.

DNA chips are anticipated to witness the fastest growth in the coming years owing to its rising adoption in gene expression analysis. These products enable high throughput analysis of gene expression of large mammalian genomes. With advances in technology, DNA chips find fresh applications in various fields of biotechnology such as biomedicine, drug discovery, diagnostics, and many others.

High-Plex dominated the Latin America gene expression market and occupied the largest revenue share of 62.8% in 2020. With a sample size of more than 1,000 targets, a high plex technique of gene expression analysis is used. These include microarrays and sequencing.

With increased accuracy, high-plex capacity techniques are expected to witness lucrative growth in the region. In February 2020, NanoString Technologies, Inc. announced 10 studies using GeoMx Digital Spatial Profiler (DSP)-a high multi-plex RNA product. These studies are focused on the discovery of novel biomarkers. The company offers products in Latin American countries through its distributors, which is anticipated to positively enhance the adoption of this technique further propelling the segment growth.

Drug discovery and development generated the largest revenue share of 42.8% in 2020. Adoption of gene expression in the process of drug discovery from the early phases of discovery to the later phases of clinical development is expected to result in substantial growth in this segment in the coming years. Gene expression is applicable in depicting the drug action at the molecular level..

The increasing interest of pharmaceutical companies in investing in gene expression analysis is anticipated to have a positive impact on the application of gene expression technologies in the drug discovery and development segment. The pharmaceutical industry in Latin America is expected to witness considerable growth in the coming years. Global pharmaceutical companies operating in Latin America are investing in new techniques for drug development. This is anticipated to further boost the segment growth.

RNA expression generated the largest revenue share of 43.5% in 2020. This is owing to the higher adoption of the technique. RT-PCR is poised to witness rapid growth over the forecast period. The technique is considered a gold standard for the detection and measurement of gene expression for its accuracy and sensitivity. It is one of the simplest techniques for gene expression analysis.

PCR techniques are preferred over others for smaller sample size and low-expression genes as it offers higher accuracy results. RT-PCR has revolutionized gene expression studies by accelerating the speed and efficiency of results obtained. Furthermore, its enhanced variants such as qPCR, digital PCR, and RT-PCR are applicable in comparative or differential expression analysis.

Being a well-established technique, various research institutes in Latin American countries are using this technique in gene expression studies. For instance, researchers from Nucleo de Biotecnologia de Sobral; Universidade Federal do Ceara used real-time PCR to quantify mRNA expression in tissues.

Brazil dominated the market and accounted for the largest revenue share of 17.6% in 2020 owing to economic growth in the country. Brazil has strategic collaborations with other nations, with initiatives such as the Canada-Brazil Joint Committee for Cooperation on Science, Technology, and Innovation. The joint committee for science, technology, and innovation is expected to bring together leading public and private sector experts to form innovative strategies for life sciences and other industrial fields.

Colombia's gene expression market is driven by continuous efforts undertaken by international sequencing and gene expression companies. For instance, in October 2020, the subsidiary of Veritas Genetics, Veritas Intercontinental, inaugurated an office in Bogota, Columbia to manage the operations and commercial activity for the company in Columbia and Latin America. This expanded the sequencing and preventive medicine landscape, finally boosting the revenue generation in this region.

Key Players

  • Illumina, Inc.

  • F. Hoffmann-La Roche Ltd

  • Agilent Technologies, Inc

  • Thermo Fisher Scientific, Inc

  • Bio-Rad Laboratories, Inc

  • Novogene Co., Ltd

  • Danaher

  • Sysmex Corporation

  • Idengene SA

  • ONKOS Diagnósticos Moleculares LTDA

Market Segmentation

  • Process Outlook 

    • Sample Collection

    • Purification

    • cDNA Synthesis & Conversion

    • PCR Analysis

    • Data Analysis & Interpretation

  • Product Outlook 

    • Kits & Reagents

    • DNA Chips

    • Others

  • Capacity Outlook 

    • Low- to Mid-Plex

    • High-Plex

  • Application Outlook 

    • Drug Discovery & Development

    • Clinical Diagnostics

    • Biotech & Microbiology

    • Others

  • Technique Outlook 

    • RNA Expression

      • Northern Blotting

      • DNA Microarrays

      • PCR Techniques

      • RNA-Sequencing

    • Promoter Analysis

      • In vitro Transcription/Nuclear Run-On Assays

      • Gel Shift Assays

      • Chromatin Immunoprecipitation (ChIP)

    • Protein Expression & Posttranslational Modification Analysis

      • Western Blotting

      • 2-D Gel Electrophoresis

      • Immunoassays

      • Mass Spectrometry

  • Regional Outlook 

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

      • Chile

      • Peru

      • Ecuador

      • Dominican Republic (República Dominicana)

      • Venezuela

      • Guatemala

      • Panama

      • Costa Rica

      • Uruguay

      • Cuba

The Latin America Gene Expression market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Latin America Gene Expression market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Latin America Gene Expression market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Latin America Gene Expression market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Latin America Gene Expression market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Latin America Gene Expression capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Latin America Gene Expression by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Latin America Gene Expression market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Latin America Gene Expression market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Latin America Gene Expression market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Latin America Gene Expression industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Latin America Gene Expression market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Latin America Gene Expression market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Latin America Gene Expression market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Latin America Gene Expression market. These factors have benefited the growth of the global market for Latin America Gene Expression. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Latin America Gene Expression. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Latin America Gene Expression are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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